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Armen G. is 27 years old. He lives in Sevan city with his parents and his sister. Armen is an auto mechanic but, since 2004, he has worked as a waiter. He has also operated a fruit and vegetable business since 2006. Armen’s parents help him in his trading and, thus, they support their family.
This is Armen’s second loan from Nor Horizon and he is asking for 500.000 AMD to buy stock such as potatoes, tomatoes, greens and cucumbers to resell.
Armen will use the expected income for his wedding preparations.

Additional Information

About “Nor Horizon”

“Nor Horizon” UCO LLC is committed to promoting poverty alleviation in Armenia by providing high-quality financial and other business development services to enterprising individuals in under-served rural and urban markets who have a strong will to establish and develop their own small-scale businesses. Originally created as the Armenian micro credit program of Oxfam (Great Britain) in late 1995, “Nor Horizon” LLC has been licensed under supervision of the Central Bank of Armenia since early 2006.

For more information about “Nor Horizon,” please visit the partner page or website.

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About Armenia

  • $6,300
    Average annual income
  • 135
    View loans »
    Armenia Loans Fundraising
  • $15,744,675
    Funds lent in using Kiva
  • 367.9
    Armenia Drams (AMD) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Armen to buy stock such as potatoes, tomatoes, greens and cucumbers to resell.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 25, 2011
Mar 26, 2011
Currency Exchange Loss:
Feb 15, 2012